What is the Point of Junk Data? by@filetfinance

What is the Point of Junk Data?

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Filet - Stake FIL to mine FIL HackerNoon profile picture

Filet - Stake FIL to mine FIL

Filet (www.filet.finance) is a decentralized Filecoin mining service platform. The APY of staking FIL is around 30%.

Up to now, the total storage capacity of Filecoin has exceeded 15EiB. Most of this data is so-called ‘junk data.’

What exactly does this mean?

First of all, it ensures that those paying attention to Filecoin are aware that Filecoin has a very stable storage space.

Miners need to submit proofs every day to prove that they are continuing to store data for the network.

This is one of the reasons Filecoin can be viewed as trustworthy: The data it stores will not be lost for no reason so more and more people will upload data to it.

Secondly, before storing real data, there must be test data to test the reliability of the network, and it doesn’t matter if they are lost.

Many people have also used Filecoin for storage, and the experience is still good.

Finally, the large amount of data stored by Filecoin is not useless. It is actually the credit support of the entire Filecoin network, representing that everyone recognizes and accepts the security of this network ledger.

Just like Bitcoin, many people think that Bitcoin mining consumes a lot of electricity, but from a technical point of view, such electricity is not wasted, because it ensures the security of the Bitcoin network ledger.

Therefore, storing Filecoin's junk data is not a waste. It is an important support and guarantee for the security of the ledger and consensus. In the future, as the usage of Filecoin increases, more valid data will definitely be stored, and this is the time when the real value of Filecoin will be realized.

First published by Filet


Up to now, the total storage capacity of Filecoin has exceeded 15EiB. Most of this data is so-called ‘junk data.’

What exactly does this mean?

First of all, it ensures that those paying attention to Filecoin are aware that Filecoin has a very stable storage space.

Miners need to submit proofs every day to prove that they are continuing to store data for the network.

This is one of the reasons Filecoin can be viewed as trustworthy: The data it stores will not be lost for no reason so more and more people will upload data to it.

Secondly, before storing real data, there must be test data to test the reliability of the network, and it doesn’t matter if they are lost.

Many people have also used Filecoin for storage, and the experience is still good.

Finally, the large amount of data stored by Filecoin is not useless. It is actually the credit support of the entire Filecoin network, representing that everyone recognizes and accepts the security of this network ledger.

Just like Bitcoin, many people think that Bitcoin mining consumes a lot of electricity, but from a technical point of view, such electricity is not wasted, because it ensures the security of the Bitcoin network ledger.

Therefore, storing Filecoin's junk data is not a waste. It is an important support and guarantee for the security of the ledger and consensus. In the future, as the usage of Filecoin increases, more valid data will definitely be stored, and this is the time when the real value of Filecoin will be realized.

First published by Filet

Filet - Stake FIL to mine FIL HackerNoon profile picture
by Filet - Stake FIL to mine FIL @filetfinance.Filet (www.filet.finance) is a decentralized Filecoin mining service platform. The APY of staking FIL is around 30%.
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